1979 Marcus AveNorth New Hyde Park, NY 11042

Property Details for 1979 Marcus Ave

Year built

1989

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

8.64 AC

Property size (Sq ft)

49,750 SF

Property type

Office properties

Property subtype

Office buildings

APN

08-B18-00-0334

APU

08B18000334

Description

This exceptional executive office building, located at 1979 Marcus Avenue in Lake Success, NY, offers a total of 79,799 square feet of premium office space. Currently, the entire building is available for lease, providing a unique opportunity for a single tenant to occupy this impressive property. The flexible floor plan allows for various configurations, accommodating businesses requiring anywhere from 1,703 square feet to a maximum contiguous space of 27,659 square feet. Tenants can benefit from the building's multiple tenancy setup, offering a dynamic and collaborative environment. Situated in Nassau County, with a convenient address in North New Hyde Park (zip code 11042), this location provides easy access to major transportation routes and amenities. The property is ideal for businesses seeking a prestigious address and ample space to accommodate their growth. The building's size and layout offer significant potential for customization and adaptation to suit a wide range of business needs. This is a rare opportunity to secure a substantial and well-located office space in a thriving area of New York. Inquire today to learn more about leasing this exceptional property.

• CAP approach

  CAP return

  Valuation

  6%

  $8,225,161

  6.5%

  $7,592,456

  7%

  $7,050,138

• Comparable approach

  Method

  Valuation

  Relative Method

  $6,500,335

  Geo Method

  $6,500,335

• Alternative Use

  Use

  Valuation

  Residential

  $9,414,646

  Hospitality

  $8,623,765

  Educational

  $7,174,871

  Medical

  $7,421,626

  Retail

  $11,160,911

Location Insight

City

New Hyde Park

County

Nassau

State

New York

Latitude

40.7549

Longitude

-73.6933

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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